Comvest Credit Partners completed the final close of its latest flagship fund, Comvest Credit Partners V (CCP V), which closed with more than $1.3 billion of equity commitments and secured credit facilities to increase its available capital. To date, CCP V, together with parallel funds and separately managed accounts, has provided credit to more than 35 new and existing portfolio companies.
“We are pleased to mark the close of CCP V and are grateful for the strong support of both our existing and new limited partners, including public and private pension plans, financial and insurance companies, foundations and family offices,” Robert O’Sullivan, managing partner of Comvest Credit Partners, said. “The fundraise exceeded our target, which we believe is a reflection of our investors’ confidence in our highly experienced, long-tenured team and the platform’s track record of delivering consistently strong risk-adjusted returns.”
Comvest Credit Partners is the direct lending platform of Comvest Partners. It provides primarily senior secured debt and unitranche credit facilities with transaction sizes typically ranging from $25 million to $250 million.
Kirkland & Ellis and Foley & Lardner served as legal advisors to Comvest Credit Partners in the formation of CCP V.
